https://www.taxtmi.com/caselaws?id=109770 Butyl Acrylate Monomer was treated as an adhesive for purposes of DEEC advance licences and customs exemption notifications because its commercial function changed on self-polymerisation and it could operate as a binder in use. The exemption was construed broadly in light of the scheme's object and the functional character of the goods, and customs had already tested and cleared the consignments. On limitation and penalty, the declaration of the product and the explanatory reference to adhesive did not indicate suppression or wilful misstatement, so the demand was time-barred and the connected confiscation and personal penalties were unsustainable. en-us Tue, 17 Dec 2002 00:00:00 +0530 Wed, 11 Apr 2012 17:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109770 Butyl Acrylate Monomer was treated as an adhesive for purposes of DEEC advance licences and customs exemption notifications because its commercial function changed on self-polymerisation and it could operate as a binder in use. The exemption was construed broadly in light of the scheme's object and the functional character of the goods, and customs had already tested and cleared the consignments. On limitation and penalty, the declaration of the product and the explanatory reference to adhesive did not indicate suppression or wilful misstatement, so the demand was time-barred and the connected confiscation and personal penalties were unsustainable. Case-Laws Customs Tue, 17 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109770